The overall Inflation Rate rose for the third month in a row. It stood at 6.68 percent as of November 2016

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  • 3 years ago
  • Posted: December 6, 2016 at 10:00 am

Each month the Kenya National Bureau of Statistics (KNBS) releases Consumer Price Indices (CPI) and rates of inflation. The overall inflation rate for November stood at 6.68 percent, compared to 6.47 percent in October. The CPI increased by 0.71 percent from 172.62 in October 2016 to 173.85 in November 2016.

change-in-cpi-nov_16

According to KNBS, these numbers were generated using data collected during the second and third weeks of the month of November. The prices were obtained from selected retail outlets in 25 data collection zones which are located in Nairobi and in 13 other urban centres. KNBS has not outlined the specifics.

Food and Non-Alcoholic Beverages’ Index increased by 1.17 percent, due to the increase of prices of several food items. The year-on-year food inflation stood at 11.13 percent in November 2016

Housing, Water, Electricity, Gas and Other Fuels’ Index increased by 0.11 percent. This was partly due to increase in house rents and kerosene which outweighed notable falls in the cost of cooking gas. On the other hand, the Transport Index increased by 0.55 percent mainly due to increases in the pump prices of petrol and diesel.

The table below highlights One Month and Twelve Months’ changes in the Price Indices.

Broad Commodity Group CPI Weight % Change on last month (November 2016/October 2016) % Change on same month of previous year (November 2016/November 2015)
Food & Non-Alcoholic Beverages 36.04 1.17 11.13
Alcoholic Beverages, Tobacco &

Narcotics

2.06 0.11 13.96
Clothing & Footwear 7.43 0.70 4.65
Housing, Water, Electricity, Gas

and other Fuels

18.3 0.11 0.20
Furnishings, Household

Equipment and Routine

Household Maintenance

6.16 0.48 3.37
Health 3.13 0.01 3.17
Transport 8.66 0.55 1.29
Communication 3.82 0.00 1.80
Recreation & Culture 2.25 0.18 4.47
Education 3.14 0.00 4.02
Restaurant & Hotels 4.48 0.18 5.77
Miscellaneous Goods & Services 4.52 0.09 3.85
Total 100 0.71 6.68
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Mr. Felix
A Math Nerd and a Computer Geek. Currently a Windows 10 Insider. Interested in AI, big data and AR/VR. Takes a keen interest in developments in the tech, business and social media spheres.
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BUSINESS · KENYA